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Policies for Increasing Economic Growth and Employment
Politics is so tiring. The same old talking points every day. Wouldn't it be nice if someone in Congress would give us a non-partisan objective view of our options? Oh, wait! The Congressional Budget Office does just that! Recent testimony by the CBO director tells us (yet again) what CBO has been telling us: that extending unemployment benefits produces more output and better increase in employment per dollar spent than any other option. Looking for a document (or an agency) to feature on your blog or GovInfo home page? Here you go!
- Policies for Increasing Economic Growth and Employment in 2012 and 2013, Statement of Douglas W. Elmendorf, Director Congressional Budget Office, before the Committee on the Budget United States Senate, Congressional Budget Office (November 15, 2011) [54 pages, PDF].
Comparing the estimated effects of different policy actions shows the following:
- Policies that would have the largest effects on output and employment per dollar of budgetary cost in 2012 and 2013 are ones that would reduce the marginal cost to businesses of adding employees or that would be targeted toward people who would be most likely to spend the additional income. Such policies include reducing employers’ payroll taxes (especially if limited to firms that increase their payroll), increasing aid to the unemployed, and providing additional refundable tax credits in 2012 for lower- and middle-income households.
- Policies that would primarily affect businesses’ cash flow but would have little impact on their marginal incentives to hire or invest would have only small effects. Such policies include reducing business income taxes and reducing tax rates on repatriated foreign earnings.
Have you looked at the World Factbook… Lately?
The CIA World Factbook is adding new categories of societal data.
- The World Factbook Is Changing, Central Intelligence Agency (Nov 18, 2011). [T]he Factbook is adding new categories of societal data, which--along with other demographic and economic entries--offer additional insight into a country's economic strength, internal stability, and impact on the environment. After a comprehensive search for datasets that are current and regularly updated, nine new fields have been added, with the World Health Organization and the World Bank providing most of the information. Eight of these fields appear in the renamed "People and Society" category: Health expenditures (as percent of GDP), Physicians density (per 1,000 people), Hospital bed density (per 1,000 people), Maternal mortality rate (deaths per 100,000 live births), Drinking water source, Sanitation facility access, Children under the age of five underweight (percent), and Obesity - adult prevalence rate. The ninth new field appears in the Economy category: Unemployment, youth ages 15-24.
Congress Nixes Climate Service
Congress Nixes Climate Service, By Curtis Brainard, Columbia Journalism Review (Nov 21, 2011).
NOAA's budget request for fiscal year 2012 (which began October 1) included a proposal to reorganize its existing climate capabilities and services into "a single point of entry" for users called the Climate Service. The stated goal was to "more efficiently and effectively respond to the rapidly increasing demand for easily accessible and timely scientific data and information about climate that helps people make informed decisions in their lives, businesses, and communities." Despite the fact that the proposal did not call for any additional funding to establish the new office, Republican lawmakers opposed it every step of the way, according to the Post's Brian Vastag, who was seemingly the only reporter to spot Congress's decision to scuttle the Climate Service during budget negotiations last week.Continue reading
Learning to Live Without a Statistical Abstract
A new article in LLRX:
- Learning to Live Without a Statistical Abstract: Thinking about Future Access to Government Information, By James T. Shaw, LLRX (November 20, 2011).
Please do not get your hopes up, or at least not very much. There is no truly good alternative to the Statistical Abstract in terms of providing both convenience and breadth.
New Geospatial Platform Website
"The federal government and its geospatial partners today unveiled www.geoplatform.gov, a prototype Geospatial Platform website providing an initial view of the future of user-friendly, integrated, federal data collections on common geographic maps." (Federal Geographic Data Committee Launches New Geospatial Website, press release, U.S. Department of the Interior (11/09/2011). "This prototype version of the Geospatial Platform combines map-based data and tools with the latest internet technologies to deliver geospatial information in a simple, understandable package. Users—including the public, federal agencies and their partners—can easily find federally-maintained geospatial data, services and applications, as well as access data from our partners across State, Tribal, Regional and local governments."
- Geospatial Platform Explore, Collaborate, Build
- Interior Launches New Crowdsourcing Map Portal, By Joseph Marks, TechInsider (11/10/11).
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